NO. 15

11 JANUARY 1993


Saudi Arabia Slashes February Price Formulas

Saudi Aramco has reduced the prices of Arab Medium and Arab Heavy crudes toall destinations, and has also decreased the price of Arab Light to Europe whileraising the price of Extra Light Berri to the US and the Far East. For February,Arab Medium was reduced by 15 cents/B to both the US and Far East and 50 cents/Bto Europe, while Arab Heavy was reduced by 35 cents/B to both the US and the FarEast and a...